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DEPOSIT INSURANCE
Deposits at Aldenville Credit Union are insured up to $250,000.00 by the National Credit Union Share Insurance Fund. Deposits over $250,000.00 are insured through the Massachusetts Credit Union Share Insurance Corporation.
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INDIVIDUAL
RETIREMENT ACCOUNTS
An IRA is designed for long-term savings, with retirement funding
as the usual goal. There could be important tax savings, depending
on certain conditions. Contributions may be deductible on your
tax return. IRA earnings are not taxed until you (or a beneficiary)
withdraw the money. We offer two types of individual Retirement
Accounts, the Passbook IRA and a CD IRA.
The Passbook IRA requires only a $25.00 minimum to open, offering
electronic direct deposit (for credit only). Your passbook must
be presented for all transactions. This IRA may be rolled over
without charge.
The Certificate of Deposit IRA is offered in six different terms:
1 year,
1 1/2 years, 2 years, 3
years, and 5 years. A $1,000.00 minimum
balance is needed to open a CD IRA. Also available are the Roth
IRA and Education IRA
Click
for current rates and terms
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